{"id":184947,"date":"2023-12-20T11:39:03","date_gmt":"2023-12-20T11:39:03","guid":{"rendered":"https:\/\/precoinnews.com\/?p=184947"},"modified":"2023-12-20T11:39:03","modified_gmt":"2023-12-20T11:39:03","slug":"driving-bitcoins-surge-microstrategy-founder-on-education-adoption-and-policy-impact","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/driving-bitcoins-surge-microstrategy-founder-on-education-adoption-and-policy-impact\/","title":{"rendered":"Driving Bitcoin's Surge: MicroStrategy Founder on Education, Adoption, and Policy Impact"},"content":{"rendered":"
In an interview on CNBC\u2019s \u201cClosing Bell: Overtime,\u201d Michael Saylor, co-founder and executive chairman of MicroStrategy, discussed various aspects of Bitcoin and the broader crypto ecosystem with co-anchor Morgan Brennan. <\/p>\n
Here\u2019s a detailed summary of the key points he made during this conversation:<\/p>\n
https:\/\/youtube.com\/watch?v=xOV6KhS8VH4%3Fstart%3D1%26feature%3Doembed<\/p>\n
Last month, Michael Saylor appeared on CNBC\u2019s \u201cSquawk on the Street,\u201d where he discussed MicroStrategy\u2019s operations and strategies, with a particular focus on their Bitcoin holdings and enterprise software business.<\/p>\n
Saylor maintained a highly optimistic view of Bitcoin, characterizing it as a distinct digital asset that combines the advantages of property, commodity, and technology investments while mitigating their associated risks and liabilities. He underscored MicroStrategy\u2019s deep commitment to Bitcoin, pointing out their significant investments in the cryptocurrency and their plans for continued investment.<\/p>\n
Saylor remarked:<\/p>\n
\u201cYou can never have too much Bitcoin. We\u2019re big Bitcoin bulls.<\/em>\u201c<\/p>\n During the interview, the topic shifted to how MicroStrategy\u2019s primary enterprise software business might be overshadowed by its substantial Bitcoin investments. Saylor expressed excitement about their collaboration with Microsoft in artificial intelligence, considering it a significant step in integrating AI into their products. This development is expected to bolster their business intelligence solutions and promote cloud adoption among their clients.<\/p>\n Saylor also discussed the interplay between MicroStrategy\u2019s business activities and its Bitcoin investment approach. The success of their main business line fuels further Bitcoin investments. He expressed optimism about the potential launch of a spot Bitcoin ETF, which he believes would boost Bitcoin\u2019s adoption and visibility among investors. Saylor argued that this would set MicroStrategy apart, as they offer a tax-deferred Bitcoin premium to investors without charging fees and employ strategic leverage.<\/p>\n On the topic of Bitcoin\u2019s upcoming halving event, Saylor elaborated on its importance. This event is set to decrease the selling pressure from Bitcoin miners by halving their block rewards. He anticipates that this decrease in supply and rising demand, possibly spurred by new financial products like spot Bitcoin ETFs, will positively impact Bitcoin\u2019s price over the next year.<\/p>\n https:\/\/youtube.com\/watch?v=l-N1Mb3xTi8%3Ffeature%3Doembed In an interview on CNBC\u2019s \u201cClosing Bell:<\/p>\n","protected":false},"author":3,"featured_media":184946,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"yoast_head":"\n
\nSource: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"